BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,137 shares, an increase of 25.9% from the February 12th total of 5,670 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 6,079 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 6,079 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of BayFirst Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in BayFirst Financial by 46.5% during the 4th quarter. Stifel Financial Corp now owns 23,200 shares of the company’s stock valued at $182,000 after purchasing an additional 7,369 shares during the last quarter. Salzhauer Michael increased its holdings in shares of BayFirst Financial by 62.3% in the third quarter. Salzhauer Michael now owns 68,876 shares of the company’s stock valued at $720,000 after purchasing an additional 26,445 shares during the period. Finally, Banc Funds Co. LLC raised its stake in shares of BayFirst Financial by 35.5% in the third quarter. Banc Funds Co. LLC now owns 169,772 shares of the company’s stock worth $1,776,000 after purchasing an additional 44,500 shares during the last quarter. Institutional investors and hedge funds own 16.88% of the company’s stock.

BayFirst Financial Stock Down 5.0%

NASDAQ:BAFN opened at $5.33 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. BayFirst Financial has a twelve month low of $4.80 and a twelve month high of $19.75. The company has a market cap of $21.91 million, a PE ratio of -0.90 and a beta of 0.39. The company’s 50 day moving average is $6.64 and its two-hundred day moving average is $7.93.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings results on Thursday, January 29th. The company reported ($0.69) earnings per share (EPS) for the quarter. BayFirst Financial had a negative return on equity of 26.38% and a negative net margin of 20.99%.The company had revenue of $11.05 million during the quarter.

About BayFirst Financial

BayFirst Financial Corp (NASDAQ: BAFN) is the bank holding company for BayFirst National Bank, which operates as a Florida-chartered community bank. The company provides a range of commercial banking services, catering to both business and individual customers in the Tampa Bay region. BayFirst Financial emphasizes relationship-driven banking, offering personalized solutions tailored to the needs of local clients.

The company’s product suite includes deposit accounts such as checking, savings, money market accounts and certificates of deposit.